Oct 18, 2016 06:32 PM IST IST | Source: PTI

CanFin Homes net grows 56% to Rs 55 cr in Jul-Sep

CanFin Homes, the housing finance arm of public lender Canara Bank, today reported a rise of 55.6 per cent in its net profit at Rs 55.06 crore for the second quarter ended September.

CanFin Homes, the housing finance arm of public lender Canara Bank, today reported a rise of 55.6 per cent in its net profit at Rs 55.06 crore for the second quarter ended September.

Net profit during the same quarter of 2015-16 stood at Rs 35.38 crore.

The total income from operations rose 26.2 per cent to Rs 332.31 crore during July-September of 2016-17 as against Rs 263.38 crore in the year-ago period, it said in a regulatory filing.

CanFin Homes is mainly engaged in providing loans for the purchase and construction of residential houses.

The stock of the company closed at Rs 1,825.60 on BSE, down 1.16 per cent from the previous level.

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